Morning Traders, As we saw yesterday we were too early to the run to the 50k level and consequentially the 1.5tr market cap. I have marked out and illustrated how i see price action playing out, I will be watching structure to determine how we progress. The Illustration suggest we will get a compression on volatility which leads to an expansionary move to the...
Please check the chart for mark ups. This mark up is the most simple mark up I have ever created.
It is interesting to look at the BITFINEX:BTCUSDLONGS and BITFINEX:BTCUSDSHORTS on this down move. The significant drop in leveraged long positions suggests that this is a profit taking move. Those that were in leveraged long positions are losing faith in a new ATH any time soon. They are getting bored. The corollary to this is that a further move down is...
She is back! if you remember on my idea long time ago she hurt her ankle while climbing and was waiting for the parts to arrive from wales... wells, she not only did get her ankle parts but she also got a boob job! Hotter than ever BTC is here to show them off but also to show us that during this waiting time she has learned to play the violin, at the...
NOT ADVICE. DYOR. Note: ParabolicSAR source = BTC.D same as Aroon
at BTCUSD We can take three long positions with different targets and risks to reward. don't forget risk-free after reaching the first target
Price Making Higher Lows while both CCI & RSI Indicators making Lower Lows.. Clear indication of Bullish Hidden Divergence. Onwards and upwards... Accumulate and/or HOLD
If I wanted confirmation I would look at my favorite derivative indicator... the open positions of Longs and Shorts. Are we going to break 10k? Maybe... definitely bullish right now on lower timeframes. However, we have yet to clear the high and are hovering at the 50% retracement of the 2017 bubble. I just don't see there being much "blood in the water"...
Welcome to this quick BTC update guys. I think we will see a retracement to the $9400 level and after that we can see it hitting. the $9700 to 9$800 area which is plotted as Scenario 2 (S2) in the chart. BTC is hitting the resistance again and again. Still at an indecisive moment. MACRO Outlook: BTC Daily is still bullish until 9$9300 is broken. 200D MA is...
BTCUSDLongs versus BTCUSDShorts Ratio - watching overleveraged positions
Hello everyone welcome to this new update. I would like to keep this update very simply and short. The level is 200D MA which is acting as a support now. On my last update I said Dominance could break below the 68 level and seems like it did but eventually holding the 67 level strongly. If it breaks we can see it reaching to the 65 level. Once we break this 67...
Bitcoin is moving in a descending channel.. On the 15-minute chart, Curve T3 turned pozitive, it is likely that the price will go up for a while.. We will wait and see.. Disclaimer: What I wrote is not investment advice.. Please do your own due diligence when it comes to crypto-investing.. Never put in money that you cannot afford to lose.. Invest at your own...
One can visualize the pain and carnage of the traders that were short Bitcoin going into this move. While neither the amount of short interest nor the percentages long/short were at record levels they were definitely high and had been increasing steadily since the dump in March. If anything it was a great reason to be contrarian as the shorts steadily increased...